Mumbai, Nov. 24 -- The stock has now corrected 17.78% over four sessions, extending the volatility that followed its recent listing.

The company made its market debut on 18 November 2025 at Rs 143.10, a 31.28% premium to the issue price of Rs 109. It surged to a record high of Rs 162.05 before settling at Rs 155.20 on listing day. The reversal began the next day, and the current market price is 21.26% below the peak but still 17.06% above the IPO price.

The IPO opened for subscription on 11 November 2025 and closed on 13 November 2025. The public issue was subscribed 1.81 times. The IPO, priced between Rs 103 and Rs 109, consisted of a fresh issue of Rs 3,100 crore and an offer for sale of Rs 380 crore. Founders Alakh Pandey and Prateek...